A Postal Savings Bank of China branch in Beijing. The bank set its IPO offer price at HK$4.76 on Wednesday. Photo: Reuters
Jennifer Li
Opinion

Opinion

Across The Border by Jennifer Li

Majority of PSBC’s investors are cornerstones, a concerning trend for IPOs, say experts

Bank’s six cornerstone investors have subscribed around 75pc of the planned H-shares, set on Wednesday at an offer price of HK$4.76

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A Postal Savings Bank of China branch in Beijing. The bank set its IPO offer price at HK$4.76 on Wednesday. Photo: Reuters
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